How much can you make owning your own gas station?

As you might guess, a gas station owner salary varies depending on a number of factors but a successful gas station owner can make anywhere from $40,000 to $100,000 annually. But it’s going to take a lot of work. Gas stations that do more than serve gas tend to make more money.

How do you value a gas station for sale?

There are four different types of valuation methods that can be used to value gas and convenience stores, as follows:

Asset-based valuation.
Income approach to value (capitalization of earnings)
Income approach to value (discounted cash flow)
Market approach to value.

How much does a Shell franchise cost?

Shell is one of the most reputed brands for petroleum products across the world. The initial cost of opening a shell gas station franchise is estimated to be around $2,00,000. In addition, you need to invest in operating and buying inventories for refueling.

Are corner stores profitable?

Breaking Down the Numbers. According to a 2018 industry report, 153,237 convenience stores are operating in the U.S. These stores generated $616.3 billion in sales for an average of nearly $4 million per store. Profit margins, however, are typically thin in the food industry, and convenience stores are no exception.

How big is the average gas station?

Average convenience store square footage in the United States in 2019. This statistic shows the average square footage of convenience stores in the United States in 2019. In 2019, the average sales area in convenience stores in the U.S. was 2,425 square feet.

Where can I find gas stations for lease?

Browse LoopNet’s inventory of Gas Stations for Lease. To narrow your search for Gas Station listings by State, select an option on the right. Showing 217 Gas Station listings of over 500,000 total commercial properties for lease. To find all Gas Stations, begin a new search above.

How much does it cost to own a gas station?

The range in cash requirements across gas station franchise businesses is based on what type of franchise you want. Upfront fees can be as low as $20,000 to lease an existing location. However, if you have to purchase real estate to build a gas station from the ground up, initial costs could top $1,000,000.

Who are the owners of a gas station?

Franchised gas stations are owned and operated pursuant to a Franchise Agreement with a national supplier such as Exxon, BP, and Sunoco. Independent stations are not supported by any national supplier and, basically, sell “unbranded” fuel procured from an assortment of regional suppliers.

How can I buy a gas station franchise?

Another way to buy a franchise is to get a franchise loan. Most lenders and banks that service other small business loans will be able to provide a loan. However, a financial institution will look at a number of things in order to qualify you for a loan. Of course, you need to have good personal credit.

Are there any gas stations that are for sale?

High Volume Gas Station with Property for sale. Very good inside and out side sale. Well built station with top brand gas station. Owner is retiring . . Gas station ,Groceries , Repair Shop, Car Wash , Property.

All the payroll and taxes are managed by company. All the sales and the expenses are 100% verifiable. The gas company owns the property and is responsible for all environmental inspections, tanks, pumps, roof, price sign, and canopy and INSURANCE. Rent is only 6500 dollars. Property is also available to buy for 1.3 million.